Weekly Investment Analysts’ Ratings Changes for Northern Trust (NTRS)

Several analysts have recently updated their ratings and price targets for Northern Trust (NASDAQ: NTRS):

• 11/12/2024 – Northern Trust was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/11/2024 – Northern Trust had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $108.00. They now have a “hold” rating on the stock.
• 10/24/2024 – Northern Trust had its price target raised by analysts at Morgan Stanley from $97.00 to $103.00. They now have an “underweight” rating on the stock.
• 10/24/2024 – Northern Trust had its price target raised by analysts at Royal Bank of Canada from $100.00 to $107.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Northern Trust had its price target raised by analysts at Evercore ISI from $86.00 to $103.00. They now have an “in-line” rating on the stock.
• 10/24/2024 – Northern Trust had its price target raised by analysts at Wells Fargo & Company from $92.00 to $108.00. They now have an “equal weight” rating on the stock.
• 10/24/2024 – Northern Trust had its price target raised by analysts at Barclays PLC from $98.00 to $115.00. They now have an “equal weight” rating on the stock.
• 10/24/2024 – Northern Trust had its price target raised by analysts at Bank of America Co. from $103.00 to $115.00. They now have a “buy” rating on the stock.
• 10/8/2024 – Northern Trust had its price target raised by analysts at UBS Group AG from $86.00 to $92.00. They now have a “neutral” rating on the stock.
• 9/30/2024 – Northern Trust had its price target raised by analysts at Morgan Stanley from $93.00 to $97.00. They now have an “underweight” rating on the stock.
• 9/26/2024 – Northern Trust was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating. They now have a $82.00 price target on the stock, down previously from $84.00.
• 9/23/2024 – Northern Trust had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $84.00 to $94.00. They now have a “hold” rating on the stock.

Northern Trust Price Performance

NTRS traded down $0.01 during trading on Wednesday, reaching $106.94. The stock had a trading volume of 600,483 shares, compared to its average volume of 1,298,531. The business has a 50-day moving average of $94.59 and a 200-day moving average of $88.44. Northern Trust Co. has a one year low of $72.28 and a one year high of $108.53. The stock has a market cap of $21.20 billion, a PE ratio of 13.30, a PEG ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.81%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Insider Activity

In other news, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Thomas A. South sold 5,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at $462,476.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,906 shares of company stock valued at $8,176,652. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Northern Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Olistico Wealth LLC bought a new stake in shares of Northern Trust during the second quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in Northern Trust in the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC bought a new stake in Northern Trust in the 2nd quarter worth approximately $30,000. Versant Capital Management Inc grew its position in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Northern Trust in the 3rd quarter worth approximately $39,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.